SECURITIES AND EXCHANGE COMMISSION
17 CFR Part 274
[Release Nos. 33-7478; IC- 22920; File No. S7-19-97]
RIN 3235-AG73
Update of Registration Form to Reflect Fee Rate Change for Registration of
Certain Investment Company Securities
AGENCY: Securities and Exchange Commission
ACTION: Amendments to Form
SUMMARY: The Securities and Exchange Commission ("Commission") is updating
the fee rate information in the instructions to the form under the
Investment Company Act of 1940 that prescribes the method by which certain
investment companies calculate and pay registration fees on securities they
issue (the form was last published at 62 FR 47941 (Sept. 12, 1997)). On
November 28, 1997, legislation was enacted that sets a new fee rate of $295
per $1,000,000 offered or sold (prorated for amounts less than $1,000,000).
Registration fees under this new rate are calculated by multiplying the
aggregate offering or sales amount by .000295. This amendment updates the
reference to the current fee rate in the instructions to the form.
EFFECTIVE DATE: [Insert date of publication in the Federal Register].
FOR FURTHER INFORMATION CONTACT: Robin S. Gross, Staff Attorney, Office of
Regulatory Policy at (202) 942-0690, or Carolyn A. Miller, Senior Financial
Analyst, Office of Financial Analysis at (202) 942-0513, Division of
Investment Management, Securities and Exchange Commission, 450 5th Street,
N.W., Mail Stop 10-2, Washington, D.C. 20549.
SUPPLEMENTARY INFORMATION: The Commission today is amending Instruction
C.9 to Form 24F-2 [17 CFR 274.24] under the Investment Company Act of 1940
[15 U.S.C. 80a] (the "Investment Company Act").
Form 24F-2 is the Form on which certain investment companies file an
annual notice of securities sold pursuant to rule 24f-2 under the
Investment Company Act [17 CFR 270.24f-2]. The Instruction to Item 5(vii)
explains that the multiplier for calculation of the registration fee is
determined by the Commission in accordance with section 6(b) of the
Securities Act of 1933 [15 U.S.C. 77f(b)]. The Instruction informs filers
of the multiplier that was in effect as of the date of the most recent
printing of the Form, but indicates that this rate is subject to change
from time to time, without notice, by act of Congress through
appropriations for the Commission or other laws.
On November 28, 1997, legislation was enacted that sets the fee rate
at $295 per $1,000,000 offered or sold (prorated for amounts less than
$1,000,000). Fees will be calculated by multiplying the aggregate offering
or sales amount by .000295.
The Commission is amending the Instruction to Item 5(vii) of Form 24F-
2 to reflect the change in the fee rate.
VI. STATUTORY AUTHORITY
The Commission is amending Form 24F-2 pursuant to the authority set
forth in sections 24 and 38(a) of the Investment Company Act [15 U.S.C.
80a-24, -37(a)].
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TEXT OF FORM AMENDMENTS
For the reasons set out in the preamble, Form 24F-2, referenced in
274.24, Title 17, Chapter II of the Code of Federal Regulations, is amended
as follows:
PART 274 -- FORMS PRESCRIBED UNDER THE INVESTMENT COMPANY ACT OF 1940
1. The authority citation for Part 274 continues to read as follows:
Authority: 15 U.S.C. 77f, 77g, 77h, 77j, 77s, 78c(b), 78l, 78m, 78n,
78o(d), 80a-8, 80a-24, and 80a-29, unless otherwise noted.
2. Form 24F-2 (referenced in 274.24) is amended by revising the
second and third sentences of Instruction C.9 to Item 5(vii) to read as
follows:
Note: Form 24F-2 does not, and the amendments will not, appear in the
Code of Federal Regulations.
Form 24F-2
Annual Notice of Securities Sold Pursuant to Rule 24f-2
* * * * *
Instructions
* * * * *
C. Computation of Registration Fee
* *
* * * *
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9. Item 5(vii) - * * * As of November 28, 1997, the fee rate was $295
per $1,000,000 offered or sold (prorated for amounts less than $1,000,000).
The registration fee is calculated by multiplying the aggregate offering or
sales amount by .000295. * * *
* * * * *
For the Commission, by the Office of the Secretary, pursuant to
delegated authority.
Jonathan G. Katz
Secretary
December 2, 1997
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